Beijing And Taipei Sign Suite Of Trade Deals

Immediate results from Chen Yunlin’s visit to Taipei, the highest level visitor to the island from the mainland since 1949: daily direct flights and new cargo routes among a suite of 13 trade agreements that set aside long-standing security and sovereignty issues.

The number of direct China-Taiwan charter flights will triple to 108 per week and they will run daily instead of four days out of seven. Routes will be shortened, obviating the need for a Hong Kong or Macao stop. Private business jets will be allowed to fly and there will be 60 direct cargo flights per month. Direct cargo shipments by sea will be allowed between 11 ports in Taiwan and 63 in China, tax free.

Next steps in the growing cross-Straits relations will likely be Taiwanese banks setting up branches on the mainland and vice versa.

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Filed under Economy, Taiwan

2 responses to “Beijing And Taipei Sign Suite Of Trade Deals

  1. Pingback: China, Obama and Taiwan « China Bystander

  2. Pingback: Taiwan’s Ex-President Chen Detained « China Bystander

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